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pre-claim inquiry coverage

German translation: Deckung der im Rahmen von Vorermittlungen entstehenden Kosten

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:pre-claim inquiry coverage
German translation:Deckung der im Rahmen von Vorermittlungen entstehenden Kosten
Entered by: Silke44

12:44 Aug 20, 2016
English to German translations [PRO]
Bus/Financial - Insurance
English term or phrase: pre-claim inquiry coverage
XXXX with "pre-claim inquiry" coverage
Silke44
Local time: 19:05
Deckung der im Rahmen von Vorermittlungen entstehenden Kosten
Explanation:
verkürzt für „pre-claim cost inquiry coverage”
Deckung der im Zuge/im Rahmen von Vorerkundungen/-ermittlungen (zu einem Schadensersatzanspruch/Versicherungsfall) entstehenden Kosten

In order to competently respond to an investigation, targeted companies are sometimes forced to hire teams of lawyers to locate, review and classify a large number of documents and to perform other services, such as interviewing witnesses and preparing executives for questioning by authorities. These costs can run into the millions of dollars. Historically, there have been no readily available insurance products to respond to such matters.
http://www.amwins.com/Pages/Client Advisories/DO_Investigati...


The purpose of pre-claim inquiry cost coverage is to pick up the costs incurred
by corporate executives in responding to informal regulatory investigations before an actual claim was made
http://www.willis.com/documents/publications/Services/Execut...
Selected response from:

Johanna Timm, PhD
Canada
Local time: 10:05
Grading comment
Vielen Dank!
4 KudoZ points were awarded for this answer



Summary of answers provided
3Deckung der im Rahmen von Vorermittlungen entstehenden Kosten
Johanna Timm, PhD


  

Answers


1 day 10 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Deckung der im Rahmen von Vorermittlungen entstehenden Kosten


Explanation:
verkürzt für „pre-claim cost inquiry coverage”
Deckung der im Zuge/im Rahmen von Vorerkundungen/-ermittlungen (zu einem Schadensersatzanspruch/Versicherungsfall) entstehenden Kosten

In order to competently respond to an investigation, targeted companies are sometimes forced to hire teams of lawyers to locate, review and classify a large number of documents and to perform other services, such as interviewing witnesses and preparing executives for questioning by authorities. These costs can run into the millions of dollars. Historically, there have been no readily available insurance products to respond to such matters.
http://www.amwins.com/Pages/Client Advisories/DO_Investigati...


The purpose of pre-claim inquiry cost coverage is to pick up the costs incurred
by corporate executives in responding to informal regulatory investigations before an actual claim was made
http://www.willis.com/documents/publications/Services/Execut...


Johanna Timm, PhD
Canada
Local time: 10:05
Native speaker of: Native in GermanGerman
PRO pts in category: 52
Grading comment
Vielen Dank!
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